Common use of Breach of Contract Liability Clause in Contracts

Breach of Contract Liability. 6.1 In the event that any party fails to perform any of its obligations hereunder or that any of its representations or warranties hereunder is essentially inaccurate or incorrect, such party shall be in default of this Agreement and shall compensate all losses suffered by the other parties or shall pay the liquidated damages as per the agreement separately entered into with the relevant parties. 6.2 In the event that Party B or Party B’s Subsidiaries commit a default under Section 6.1, Party B and Party B’s Subsidiaries shall fully compensate any and all losses, damage and liability suffered or borne by Party A arising out of or in connection with its performance of its obligations hereunder or provision of services hereunder, including the losses, costs and expenses incurred due to any proceedings, claims or other demands. 6.3 This Section shall survive the amendment, cancellation or termination of this Agreement.